US equities closed mixed and with marginal changes yesterday at close. Major equities lacked direction yesterday with no major data due throughout yesterday’s session. The USD is on track to retrace more than 50% of the losses seen in the last week of April.
EURUSD is currently trading at 1.1380, and the USDJPY is back at 108.73 after the Japanese Finance minister anounced yesterday that it was ready to intervene if the Yen moves enough to hurt the economy.
The commodity bloc currencies namely the Aussie, NZD and the CAD suffered on Monday as the stronger USD impinged on the commodity prices.
Ahead of us today’s economic docket includes German Industrial Production and Trade Balance for March, US Wholesale inventories and more Fed Speakers.
